Accounting and bookkeeping practices are navigating rapid change as AI reshapes workflows, client expectations rise and competition intensifies.
The groups pulling ahead are not necessarily the largest, but those making intentional choices about how they work, the services they offer and where they focus their time.
Xero’s Modern Practice Playbook, based on a survey of over 500 independent senior accountants and bookkeepers, found that accounting practices using AI save nearly one working day per week.
Among top-performing firms, that rises to 9.1 hours, giving practices more capacity to expand advisory services and focus on higher-value client work.
Head over to Xero's Modern Practice Playbook to find out more on how modern practices are using AI to create capacity for higher-value work.
This feature was adapted from Xero furnished press content furnished by peppercomm.com. Source materials were adapted by Insightful Accountant solely for educational purposes.
Xero is a global small business platform that helps customers supercharge their business by bringing together the most important small business tools, including accounting, payroll and payments — on one platform. Xero’s powerful platform helps customers automate routine tasks, get timely insights, and connects them with their data, their apps, and their accountant or bookkeeper so they can focus on what really matters. Trusted by millions of small businesses and accountants and bookkeepers globally, Xero makes life better for people in small business, their advisors, and communities around the world. For further information, please visit xero.com.
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